Only problem with that is that every single tax cut ultimately led to more
revenue after the initial drop, including W's that gets bashed routinely, even when adjusted for inflation. (link) Now TBF W's, when adjusted for population growth on a per capita basis, actually only got back to pre-cut levels, but we've since surpassed that.
I firmly believe that will be the case with this tax cut as well btw, especially when you consider repatriation and the emphasis on the Corp side. So I would advise taking the $1.5T added debt projections with a hefty grain of salt, especially when it comes from someone that believes in and wants to feed the Govco beast.
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In response to this post by Beerman)
Link: Inflation adj Fed revenue by year back to Kennedy tax cuts
Posted: 02/09/2018 at 11:34AM